Sponsored by
Speedway: Panthers reveal £100,000 loss
Peterborough Panthers owner Rick Frost has revealed the club made losses in excess of£100,000 for the second successive season.
Peterborough Panthers owner Rick Frost has revealed the club made losses in excess of100,000 for the second successive season.The Berkshire-based businessman says investment in the club's facilities and equipment was a factor in the six-figure deficit.
Frost appreciates the need to buck the current financial trend and knows the club have to entice more sponsors and supporters to the Showground in future years.
Frost said; "We have lost as much again as we did last year, but you have to take into account the money we have spent on new shale, improved equipment and work on our facilities.
"They are one-off expenses that won't be repeated in the future, but they all go down as expenditure and the losses for the season to run into six figures.
"This is a huge challenge for me as I have never previously taken over or run a company that doesn't make money.
"We need to bring in more sponsors and more spectators and the only way to do that is by making our product more attractive to the public.
"I have spent a lot of time in America and when you go to a sporting event like a baseball or basketball match over there, you are treated to a whole entertainment package.
"And that is something I feel we need to try to emulate. We are looking into providing entertainment before the actual racing and are also exploring the terms of our 10pm curfew."
Email to a friend
Print this page
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Peterborough
Tuesday 22 May 2012
Today
Sunny
Temperature: 11 C to 24 C
Wind Speed: 15 mph
Wind direction: North
Tomorrow
Cloudy
Temperature: 11 C to 22 C
Wind Speed: 13 mph
Wind direction: North
Your view
Please sign in to be able to comment on this story.